Green Building Materials Market share predicted to reach $255 Bn

Zion Market Research has published a new report titled “Green Building Materials Market for Framing, Insulation, Roofing, Exterior Siding, Interior Finishing and Other Applications for Public facilities, Education, Commercial and Industrial, Healthcare, R&D Centers, Residential and Other End-users – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020”. According to the report, the global green building materials market was valued at around USD 127.5 billion in 2014 and is expected to reach USD 255 billion in 2020, growing at a CAGR of around 12% between 2015 and 2020. In terms of volume, the global green building materials market stood at 5,500.0 kilo tons in 2014.

Green building refers to a structure that is environmentally responsible and efficient with respect to resources throughout the lifecycle of a building. The material utilized for this type of construction is known as a green building material. Green building materials are responsible for efficiency and sustainability of a building structure in terms of design, construction, maintenance, renovation, and demolition. Leadership in Energy and Environmental Design (LEED), Green Building Evaluation Labeling (GBEL) and Building Research Establishment Environmental Assessment Method (BREEAM) are some of the leading rating systems for buildings and large scale developments in U.S., China and UK respectively.

The green building sector is one of the fastest growing industries worldwide. Green building systems like LEED, the ICC 700 National Green Building Standard, BREEAM, etc. will likely to drive demand for green building projects. In order to achieve green building certification, a green building project needs to fulfill a number of necessities, including energy and resource-efficiency and the use of sustainable building materials. Moreover, growing retrofitting and renovation activities in the construction industry are driving demand for green building materials.

Framing, insulation, roofing, exterior, siding, interior finishing, and others are key application segment of green building materials market. Insulation segment accounted for over 23% share of the total green building materials volume consumed in the year 2014. This trend is expected to continue for the duration of the forecast period. Interior finishing is expected to be the fastest growing segment as a lot of green building materials such as wood, recycled carpet tiles, and volatile compound-free paints are replacing conventional materials used in interior finishing operations. However, interior finishing application segment is expected to exhibit fastest growth rate during the years to come. Increasing demand for VOC-free glue and paints and solar tiles manufactured from recycled material is expected to drive interior finishing application segment of the green building materials market.

Key end-user segments of green building materials market include public facilities, education, commercial and industrial, healthcare, R & D centers, residential, and other end users. The global green building materials market is dominated by public facilities, education, commercial and industrial segments. Public facilities accounted for over 20% share of the total green building materials market in 2014.

North America and Europe are witnessing the robust growth of green buildings market owing to stringent environmental concern, growing awareness about environmental sustainability and national, state & municipal mandates and policies have been in the region. This, in turn, resulted in huge demand for green building materials in these regions. North America was the largest regional market for green building materials market in 2014. North America accounted for over 40% share in total green building materials volume consumed in 2014.

About Us: Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Shawn Morgan is an accomplished digital marketing professional. He tracks the most recent patterns and happenings in the advanced showcasing scene, additionally offering his feeling on their effect on organizations. He has involvement in both B2C and B2B markets. His side interests incorporate perusing books and voyaging. Follow him on Twitter: @shawnmorgan789

We at TalkDailyNews.com provide original reporting on burning issues and current trends in Politics, Environment, Science, Health & Technology acting as a spark to ignite the flame of knowledge towards a common and greater goal of bringing about an awareness and knowledge revolution in today’s world.